Orrstown Financial Services Inc - Understand $orrf stock

$ORRF Market Cap: $766.7 Million

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Financial Snapshot

Revenue

$168.9M

TTM

Gross Margin

Net Earnings

$16.01M

TTM

Current Assets

Current Liabilities

$119.6M

Q3 2024

Current Ratio

Total Assets

$5.471B

Q3 2024

Total Liabilities

$4.954B

Q3 2024

Book Value

$516.2M

Q3 2024

Cash

$236.8M

Q3 2024

P/E

47.89

Nov 29, 2024 EST

Free Cash Flow

$39.31M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Revenue	$19.48M	$19.46M	$93.70M	$99.63M	$92.99M	$65.67M	$51.45M	$41.96M	$38.64M	$38.18M	$37.10M	$45.44M	$60.36M
YoY Change	0.08%	-79.23%	-5.96%	7.14%	41.61%	27.63%	22.62%	8.61%	1.18%	2.92%	-18.35%	-24.73%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$19.48M	$19.46M	$93.70M	$99.63M	$92.99M	$65.67M	$51.45M	$41.96M	$38.64M	$38.18M	$37.10M	$45.44M	$60.36M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development						$806.0K	$767.0K	$748.0K	$798.0K	$865.0K	$1.054M	$989.0K	$897.0K
YoY Change						5.08%	2.54%	-6.27%	-7.75%	-17.93%	6.57%	10.26%
% of Gross Profit
Depreciation & Amortization	$4.340M	$2.100M	$2.300M	$3.200M	$2.700M	$2.600M	$2.700M	$2.311M	$2.310M	$2.459M	$2.208M	$2.004M	$2.035M	$2.920M	$2.630M	$2.320M	$1.840M	$1.730M	$1.420M	$1.200M	$1.010M	$870.0K	$830.0K	$740.0K
YoY Change	106.67%	-8.7%	-28.13%	18.52%	3.85%	-3.7%	16.83%	0.04%	-6.06%	11.37%	10.18%	-1.52%	-30.31%	11.03%	13.36%	26.09%	6.36%	21.83%	18.33%	18.81%	16.09%	4.82%	12.16%
% of Gross Profit
Operating Expenses						$806.0K	$767.0K	$748.0K	$798.0K	$865.0K	$1.054M	$989.0K	$897.0K
YoY Change						5.08%	2.54%	-6.27%	-7.75%	-17.93%	6.57%	10.26%
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Interest Expense	$44.99M	$9.024M	$6.721M	$16.02M	$23.70M	$13.51M	$7.644M	$5.417M	$4.301M	$4.159M	$5.011M	$7.548M	$10.75M
YoY Change	398.57%	34.27%	-58.06%	-32.39%	75.42%	76.74%	41.11%	25.95%	3.41%	-17.0%	-33.61%	-29.81%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Pretax Income	$45.03M	$26.62M	$40.90M	$32.51M	$19.63M	$14.45M	$12.43M	$7.894M	$9.508M	$13.01M	$9.798M	-$30.50M	-$42.83M	$23.10M	$17.40M	$18.60M	$17.80M	$16.50M	$14.40M	$10.90M	$9.700M	$8.100M	$7.000M	$5.700M
YoY Change	69.2%	-34.92%	25.79%	65.59%	35.92%	16.23%	57.44%	-16.98%	-26.92%	32.78%	-132.13%	-28.79%	-285.4%	32.76%	-6.45%	4.49%	7.88%	14.58%	32.11%	12.37%	19.75%	15.71%	22.81%
Income Tax	$9.370M	$4.579M	$8.014M	$6.048M	$2.710M	$1.640M	$4.338M	$1.266M	$1.634M	-$16.13M	-$206.0K	$7.955M	-$10.86M	$6.500M	$4.100M	$5.500M	$5.200M	$4.900M	$4.400M	$3.200M	$2.700M	$2.200M	$1.900M	$1.500M
% Of Pretax Income	20.81%	17.2%	19.6%	18.6%	13.8%	11.35%	34.91%	16.04%	17.19%	-124.0%	-2.1%			28.14%	23.56%	29.57%	29.21%	29.7%	30.56%	29.36%	27.84%	27.16%	27.14%	26.32%
Net Earnings	$35.66M	$22.04M	$32.88M	$26.46M	$16.92M	$12.81M	$8.090M	$6.628M	$7.874M	$29.14M	$10.00M	-$38.45M	-$31.96M	$16.60M	$13.40M	$13.10M	$12.60M	$11.60M	$10.00M	$7.800M	$7.000M	$5.900M	$5.100M	$4.200M
YoY Change	61.83%	-32.98%	24.25%	56.36%	32.17%	58.28%	22.06%	-15.82%	-72.98%	191.3%	-126.02%	20.3%	-292.55%	23.88%	2.29%	3.97%	8.62%	16.0%	28.21%	11.43%	18.64%	15.69%	21.43%
Net Earnings / Revenue	183.08%	113.22%	35.09%	26.56%	18.2%	19.5%	15.72%	15.8%	20.38%	76.32%	26.97%	-84.63%	-52.95%
Basic Earnings Per Share	$3.45	$2.09	$3.00	$2.42	$1.63	$1.53	$1.00	$0.82	$0.97	$3.59	$1.24	-$4.77	-$3.98
Diluted Earnings Per Share	$3.42	$2.058M	$2.96	$2.40	$1.61	$1.50	$0.98	$0.81	$0.97	$3.59	$1.24	-$4.77	-$3.98	$2.184M	$2.062M	$2.015M	$1.938M	$1.785M	$1.695M	$1.345M	$1.207M	$1.035M	$910.7K	$777.8K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$29.39M	$29.33M	$44.60M	$43.80M	$37.50M	$38.20M	$34.80M	$34.90M	$24.00M	$24.80M	$26.40M	$26.80M	$27.20M	$27.80M	$29.60M	$31.10M	$26.00M	$19.90M	$13.60M	$13.20M	$11.20M	$9.800M	$9.000M	$9.300M
YoY Change	0.22%	-34.24%	1.83%	16.8%	-1.83%	9.77%	-0.29%	45.42%	-3.23%	-6.06%	-1.49%	-1.47%	-2.16%	-6.08%	-4.82%	19.62%	30.65%	46.32%	3.03%	17.86%	14.29%	8.89%	-3.23%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$22.02M	$24.03M	$11.60M	$12.90M	$12.00M	$8.600M	$6.300M	$16.30M	$14.80M	$15.40M	$2.600M
YoY Change	-8.38%	107.16%	-10.08%	7.5%	39.53%	36.51%	-61.35%	10.14%	-3.9%	492.31%
Total Long-Term Assets
YoY Change
Total Assets	$3.064B	$2.922B	$2.835B	$2.751B	$2.383B	$1.934B	$1.559B	$1.415B	$1.293B	$1.190B	$1.178B	$1.233B	$1.444B	$1.512B	$1.196B	$1.052B	$885.0M	$809.0M	$601.5M	$514.7M	$472.4M	$410.3M	$373.7M	$311.9M
YoY Change
Accounts Payable	$60.99M	$61.85M	$29.70M	$28.90M	$34.70M	$22.80M	$17.20M	$15.20M	$13.90M	$11.90M	$10.90M	$12.80M	$10.20M	$9.800M	$7.600M	$1.200M	$1.200M	$1.200M	$4.900M	$5.000M	$4.300M	$3.800M	$3.400M	$3.300M
YoY Change	-1.39%	108.25%	2.77%	-16.71%	52.19%	32.56%	13.16%	9.35%	16.81%	9.17%	-14.84%	25.49%	4.08%	28.95%	533.33%	0.0%	0.0%	-75.51%	-2.0%	16.28%	13.16%	11.76%	3.03%
Accrued Expenses	$11.61M	$9.976M	$11.10M	$9.100M
YoY Change	16.42%	-10.13%	21.98%
Deferred Revenue
YoY Change
Short-Term Debt	$9.785M	$17.25M	$23.30M	$75.20M	$154.9M	$64.10M	$93.60M	$87.90M	$89.20M	$86.70M	$59.00M	$9.700M	$35.00M	$87.90M	$97.90M	$64.00M	$58.10M	$41.70M	$36.10M	$19.50M	$66.60M	$49.30M	$58.00M	$39.90M
YoY Change	-43.28%	-25.96%	-69.02%	-51.45%	141.65%	-31.52%	6.48%	-1.46%	2.88%	46.95%	508.25%	-72.29%	-60.18%	-10.21%	52.97%	10.15%	39.33%	15.51%	85.13%	-70.72%	35.09%	-15.0%	45.36%
Long-Term Debt Due			$0.00	$0.00	$0.00	$0.00
YoY Change
Total Short-Term Liabilities	$70.78M	$61.85M	$40.80M	$38.00M	$34.70M	$22.80M	$17.20M	$15.20M	$13.90M	$11.90M	$10.90M	$12.80M	$10.20M	$9.800M	$7.600M	$1.200M	$1.200M	$1.200M	$4.900M	$5.000M	$4.300M	$3.800M	$3.400M	$3.300M
YoY Change	14.43%	51.59%	7.37%	9.51%	52.19%	32.56%	13.16%	9.35%	16.81%	9.17%	-14.84%	25.49%	4.08%	28.95%	533.33%	0.0%	0.0%	-75.51%	-2.0%	16.28%	13.16%	11.76%	3.03%
Long-Term Debt	$32.09M	$32.03M	$32.00M	$31.90M	$31.80M	$31.90M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$300.0K	$500.0K	$118.3M	$75.90M	$32.40M	$40.30M	$35.60M	$0.00	$0.00	$0.00	$0.00
YoY Change	0.21%	0.08%	0.31%	0.31%	-0.31%								-100.0%	-40.0%	-99.58%	55.86%	134.26%	-19.6%	13.2%
Other Long-Term Liabilities																$7.600M	$7.300M	$5.600M
YoY Change																4.11%	30.36%
Total Long-Term Liabilities	$32.09M	$32.03M	$32.00M	$31.90M	$31.80M	$31.90M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$300.0K	$500.0K	$125.9M	$83.20M	$38.00M	$40.30M	$35.60M	$0.00	$0.00	$0.00	$0.00
YoY Change	0.21%	0.08%	0.31%	0.31%	-0.31%								-100.0%	-40.0%	-99.6%	51.32%	118.95%	-5.71%	13.2%
Total Liabilities	$2.799B	$2.694B	$2.563B	$2.504B	$2.160B	$1.761B	$1.414B	$1.280B	$1.160B	$1.063B	$1.086B	$1.145B	$1.316B	$1.351B	$1.086B	$948.4M	$788.9M	$719.6M	$544.2M	$465.4M	$429.6M	$372.3M	$342.6M	$285.2M
YoY Change	3.92%	5.1%	2.34%	15.94%	22.66%	24.53%	10.51%	10.33%	9.09%	-2.14%	-5.12%	-12.99%	-2.61%	24.48%	14.46%	20.22%	9.63%	32.23%	16.93%	8.33%	15.39%	8.67%	20.13%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Basic Shares Outstanding	10.34M shares	10.55M shares	10.97M shares	10.94M shares	10.36M shares	8.360M shares	8.070M shares	8.059M shares	8.107M shares	8.110M shares	8.093M shares	8.066M shares	8.017M shares
Diluted Shares Outstanding	10.44M shares	10.71M shares	11.11M shares	11.03M shares	10.51M shares	8.537M shares	8.226M shares	8.145M shares	8.142M shares	8.116M shares	8.093M shares	8.066M shares	8.027M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $766.72 Million

About ORRSTOWN FINANCIAL SERVICES INC

Orrstown Financial Services, Inc. is a holding company, which engages in the provision of consumer and business financial services. The company is headquartered in Harrisburg, Pennsylvania and currently employs 410 full-time employees. The Bank provides a range of consumer and business financial services in Adams, Berks, Cumberland, Dauphin, Franklin, Lancaster, Perry, and York Counties, Pennsylvania and Anne Arundel, Baltimore, Howard, and Washington Counties, Maryland, as well as Baltimore City, Maryland. The firm operates in the community banking segment and engages in lending activities, including commercial, residential, commercial mortgages, construction, municipal, and various forms of consumer lending, and deposit services, including checking, savings, time, and money market deposits. The firm's lending area also includes adjacent counties in Pennsylvania and Maryland, as well as Loudon County, Virginia and Berkeley, Jefferson and Morgan Counties, West Virginia. The firm also provides fiduciary services, investment advisory, insurance and brokerage services.

Industry: State Commercial Banks Peers: ACNB CORP BLUE RIDGE BANKSHARES, INC. CITIZENS FINANCIAL SERVICES INC FVCBankcorp, Inc. PARKE BANCORP, INC. PNC FINANCIAL SERVICES GROUP, INC. USCB FINANCIAL HOLDINGS, INC. UNITY BANCORP INC /NJ/